KYC Remediation

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KYC Remediation

As the regulatory environment continues to evolve, many regulators are forcing financial institutions to undertake immediate remediation exercises on their client data and documentation in an effort to raise the standards of compliance with existing AML and KYC compliance obligations and prepare them for future compliance requirements.

The problem, however, is the sheer volume of existing clients and/or counterparties, not to mention all their associated relationships (shareholders, directors, beneficial owners) that need to be examined in light of current and future regulatory expectations.

Fenergo’s Client & KYC Remediation solution is a sophisticated case management technology platform that manages the remediation process from importation of client and counterparty data all the way through to data and documentation collection and entity classification with both local and global regulations.